The delivery giant’s shares fell on Sept. 16 in the biggest one-day percentage drop since FedEx went public in 1978. 

The CEO’s pessimism came after FedEx missed estimates on revenue and earnings in its first quarter. The company also withdrew its full year guidance.

Diesel futures in New York are trading in the widest backwardation for this time of year in data going back to 2008, meaning the product in storage is losing value each day.

The recently enacted Ocean Shipping Reform Act of 2022 gave the U.S. Federal Maritime Commission stronger oversight of how ocean carriers and marine terminals treat shippers. Now, FMC is being called on to wield some of that power.

Businesses today find themselves facing a wide range of economic and legal challenges, resulting in the inability of suppliers and buyers to meet contractual obligations.

President Joe Biden signed an executive order laying out a strategy to bolster domestic bio-manufacturing and reduce reliance on China for new medicines, chemicals and other products.

Swedish home-appliance manufacturer Electrolux is undertaking steep cost cuts that will target its supply chain and production following a warning of a sharp drop in demand.

The White House urged labor unions and freight-rail operators to come to an agreement in contract talks, with mounting concern that a strike as soon as Sept. 16 could damage the U.S. economy and Democrats’ midterm election prospects.

Dock workers at Felixstowe, Britain’s largest container port, rejected a pay deal imposed by management, paving the way for a new round of industrial action and disruption to vital trade flows.

A heat wave in the Western U.S. is coursing through farming supply chains and into supermarkets, leaving distributors searching for leafy greens and fruits from sources ranging from Canada to Florida.